Posted by & filed under Canadian Economy, Canadian Government.

Description:    This past week our federal government introduced its budget for the next fiscal year. There were some interesting initiatives, including a possible grant to first-time home-owners from the Canada Mortgage and Housing Corporation and some early steps towards a national pharmacare program. But what wasn’t there is also quite interesting: the government is planning a deficit for this year and the next several, in contrast an earlier promise to return to surpluses before this fall’s election.

Date:  March 22, 2019

Source:  globalnews.ca

Link: https://globalnews.ca/news/5075888/federal-budget-2019-cmhc-shared-equity-mortgage/

Discussion points:   

1) Have you discussed the federal budget in any of your classes?

2) What is your opinion about deficit financing?

3) Chapter 7 in Wiley’s Financial Accounting: Tools for Business Decision-Making talks about cash budgeting and planning major expenditures. What might be some of the challenges you would have if you were planning the cash budgets for the federal government?

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